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India urges Tesla not to sell Chinese-made EVs in South Asia

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Indian Roads and Highways Minister Nitin Gadkari has called on Tesla to stop selling its Chinese-made electric vehicles to other countries in South Asia. This information appeared against the background of Teska entering the Indian market.

Nitin Gadkari said the American electric vehicle maker should “make cars in India, sell them in India and export them from India.” In addition, the brand must also rely on local suppliers. The minister also added that Tesla vehicles in India will cost around $ 46,600 and the local government will try to help the brand popularize its electric vehicles in the country.

Back in August, Tesla said it had received permission to manufacture or import four of its electric vehicle models in India. The company is currently manufacturing its vehicles at factories in the United States and in Shanghai, China, and is also starting assembly at a plant in Germany.

Meanwhile, India is also trying to diversify its supply chains away from China due to recent friction caused by military clashes in border regions last year.

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Electric Cars

BMW to cease production of internal combustion engines at Munich plant by 2024

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BMW expects to end production of internal combustion engines at its main plant in Munich by 2024. This was announced yesterday by the head in charge of their release at a conference dedicated to the start of production of the electric i4 model.

According to Milan Nedeljkovic, the engines currently being produced in Munich will be produced at BMW plants in Austria and the UK, although cars with such engines will still be assembled at the Munich plant.

By 2023, at least half of the cars produced in Munich will be electrified. This concept includes both the number of battery electric vehicles and hybrids with the ability to charge from the mains. What’s more, BMW CEO Oliver Zipse recently said the company would be ready for any ban on combustion-powered cars starting in 2030.

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Tesla Model 3 and Model Y have risen in price for the second time in a month, new buyers of the base Model 3 will receive their car only by September 2022

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Tesla had already raised the price of its best-selling Model 3 and Model Y in the United States a few weeks ago, and now the company is raising prices again. Once again, the most popular models suffer. The increase was $ 2,000, however, it did not affect all modifications.

Thus, the Model 3 Standard Range Plus has risen in price from 42,000 dollars to 44,000. Interestingly, Tesla also updated the data on the lead time for the base Model 3 – new buyers will receive their electric car only in September 2022. However, it is possible to reduce the waiting period by several months if you choose larger wheels instead of standard wheels. Then you can get a freshly ordered base Model 3 by June 2022.

Tesla Model Y Long Range Dual Motor has risen in price from $ 55,000 to $ 57,000. Here, with the fulfillment of new orders for the Long Range version, it is also not easy: new buyers will have to wait for the crossover until August next year.

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Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

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Tesla yesterday released its financial report for the third quarter of this year, which recorded revenues of $ 13.76 billion and net income of $ 1.62 billion. Against the backdrop of stagnation in the industry due to a lack of components, Tesla’s report looks very convincing, which immediately affected the value of shares – they went up.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

Yes, the day Tesla shares added $ 10 in price and went beyond the psychological mark of $ 900. They have never been so expensive. As a result, Tesla’s market capitalization surpassed the $ 908 billion mark.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

There is no other company in the automotive industry that has a comparable market value. By comparison, Toyota is in second place, with a market value of just under $ 240 billion. If we sum up the market capitalizations of the most famous automakers in the world, it turns out that Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan – with all their brands.

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